Section 24 of Bihar VAT : Section 24: Returns, Payment Of Tax, Interest And Penalty
Bihar VAT
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Explanation using Example
Imagine a scenario where Mr. Sharma runs a business in Bihar dealing in electronics. He is a registered dealer under the Bihar Value Added Tax Act, 2005. It's the beginning of May, and Mr. Sharma is preparing his business's VAT return for the month of April.
Under Section 24(1)(b) of the Act, Mr. Sharma is required to furnish a complete return detailing all transactions from April, including sales, purchases, and goods despatches, by the end of May to the prescribed authority using the prescribed form and manner.
Additionally, as per Section 24(9)(...
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